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$10,500,000
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Property Description
Perfect-here's a clean, investor-focused description for that Canarsie property: Turn-Key 24-Unit Investment Property in Canarsie, Brooklyn An outstanding opportunity in the heart of Canarsie, Brooklyn-this well-maintained 24-unit brick building features all 2-bedroom, 2-bath apartments, ideal for steady rental demand. Tenants pay all utilities except water, with all-electric systems, eliminating the need for gas, boiler maintenance, or a compactor room. The building includes: Legal super's unit Accessory office in the basement with half bath Additional storage rooms No elevator = lower maintenance 421A Tax Abatement in place Low operating expenses With a NOI of $649,000 and a Net Cap Rate of 6.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn's steadily growing neighborhoods.
Full Property Details
Full Property Details for 8820 Avenue J
General
- Price: $10,500,000
- Taxes: $7,102
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 930166
- Updated: 10/29/2025
- Added to Site: 82 day(s) ago
Rental Information
- Complex Features: Walk Up
Interior
- Appliances: Stainless Steel Appliance(s)
- Flooring: Wood
Parking
- Total Spaces: 16
- Parking Features: Parking Lot
Location
- County: Kings (Brooklyn)
- Cross Streets: Avenue J
Heating & Cooling
- Cooling Type: ENERGY STAR Qualified Equipment
- Heating Type: Electric
- Heating Zones: 72
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Storage Space
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 22035
- Square Feet: 22,035
- Year Built: 2016
Lot Features
- Lot Size (Acres): 0.3652
- Lot Size (Sq. Ft.): 15,908
Financial Considerations
- Taxes Include: Trash
- Tax Amount: $7,102.28
Disclosures and Reports
- Special Conditions: Real Estate Owned
- Property ID: 08040-0043
Listed by Blue Key Real Estate Brokerage
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Schools
Schools serving 8820 Avenue J
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 115 Daniel Mucatel School 1500 East 92nd Street, Brooklyn, NY 11236 | PK-5 | 0.4 mi |
Is 68 Isaac Bildersee 956 East 82nd Street, Brooklyn, NY 11236 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8820 Avenue J
Date
Details
Price
Change
Source
10/29/2025
Listed
$10,500,000
861.54%
MLS
3/18/2014
Sold
$1,092,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8820 Avenue J
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,101
—
$1,122,300
3%
2024
$7,102
—
$1,090,350
—
2023
$7,102
2%
$1,085,400
1%
2022
$6,969
-50%
$1,070,550
-11%
2021
$13,938
97%
$1,202,400
-7%
2020
$7,086
—
$1,295,100
—
2019
$7,086
-2%
$1,295,100
-2%
2017
$7,226
—
$1,320,750
26%
2017
$7,226
5%
$1,051,650
373%
2016
$6,874
-21%
$222,300
400%
2015
$8,694
14%
$44,460
1%
2014
$7,633
11%
$43,811
6%
2013
$6,879
—
$41,332
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8820 Avenue J
8820 Avenue J, Brooklyn, NY 11236 (MLS# 930166) is a Commercial property. 8820 Avenue J is currently listed for $10,500,000 and was received on October 29, 2025. Want to learn more about 8820 Avenue J? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

